At his State of the Union address this week, President Obama rolled out some small details of new plan for mortgage relief. Under the plan homeowners with non federally backed loans will be able to refinance to take advantage of lower interest rates. Before, only loans backed by Fannie Mae and Freddie Mac were eligible for the Home Affordable Refinance Program (HARP.) Will it work? We talk with a panel of experts and take your calls on whether Obama's newest plan will help homeowners.
GUESTS
Bill Uffelman, President and CEO, Nevada Bankers Association
Michael Joe, attorney, Legal Aid Center of Southern NV
Jim Puzzanghera, reporter, LA Times